3 Banking Stocks Moving The Industry Upward
All three major indices are trading down today with the
Dow Jones Industrial Average
(
^DJI
) trading down 95 points (-0.5%) at 18,476 as of Monday, July 25, 2016, 12:55 PM ET. The NYSE advances/declines ratio sits at 974 issues advancing vs. 1,919 declining with 171 unchanged.
The Banking industry currently sits down 0.3% versus the S&P 500, which is down 0.6%. On the negative front, top decliners within the industry include
(
), down 3.3%,
(
), down 2.8%,
(
), down 2.1%,
(
), down 2.0% and
Mitsubishi UFJ Financial Group
(
), down 1.1%.
TheStreet would like to highlight 3 stocks pushing the industry higher today:
3.
(
) is one of the companies pushing the Banking industry higher today. As of noon trading, KB Financial Group is up $0.65 (2.1%) to $31.65 on average volume. Thus far, 82,495 shares of KB Financial Group exchanged hands as compared to its average daily volume of 117,100 shares. The stock has ranged in price between $31.57-$32.10 after having opened the day at $32.00 as compared to the previous trading day's close of $31.00.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
KB Financial Group Inc., a financial holding company, provides various banking and related financial services to individuals and corporations in South Korea and internationally. KB Financial Group has a market cap of $11.6 billion and is part of the financial sector. Shares are up 11.2% year-to-date as of the close of trading on Friday. Currently there are no analysts who rate KB Financial Group a buy, 1 analyst rates it a sell, and none rate it a hold.
TheStreet Ratings rates
KB Financial Group
as a
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share. Get the full
KB Financial Group Ratings Report
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
2. As of noon trading,
(
) is up $1.91 (12.3%) to $17.41 on heavy volume. Thus far, 2.2 million shares of EverBank Financial exchanged hands as compared to its average daily volume of 417,000 shares. The stock has ranged in price between $15.52-$17.65 after having opened the day at $15.56 as compared to the previous trading day's close of $15.50.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
EverBank Financial Corp, a savings and loan holding company, provides various financial products and services to individuals and small and mid-size businesses in the United States. The company operates in three segments: Consumer Banking, Commercial Banking, and Corporate Services. EverBank Financial has a market cap of $1.9 billion and is part of the financial sector. Shares are down 3.0% year-to-date as of the close of trading on Friday. Currently there are 5 analysts who rate EverBank Financial a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
EverBank Financial
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and attractive valuation levels. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Get the full
EverBank Financial Ratings Report
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
1. As of noon trading,
(
) is up $0.14 (1.0%) to $13.42 on light volume. Thus far, 1.0 million shares of UBS Group exchanged hands as compared to its average daily volume of 3.0 million shares. The stock has ranged in price between $13.41-$13.61 after having opened the day at $13.56 as compared to the previous trading day's close of $13.29.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
UBS Group AG, together with its subsidiaries, provides financial advice and solutions to private, institutional, and corporate clients worldwide. The company's Wealth Management division provides financial services to wealthy private clients. UBS Group has a market cap of $49.1 billion and is part of the financial sector. Shares are down 31.4% year-to-date as of the close of trading on Friday. Currently there are no analysts who rate UBS Group a buy, 2 analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
UBS Group
as a
. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the banking industry could consider
(
) while those bearish on the banking industry could consider
ProShares Short KBW Regional Bankng
(
).